In accordance with reviews, main buyers are rising their stake in Stripe forward of its itemizing
The Stripe logo on a smartphone with US dollar banknotes in the background.
Budrul Chukrut | SOPA pictures | LightRocket via Getty Images
Large investment firms are increasing their stake in digital payments company Stripe ahead of an eventual listing, the Wall Street Journal reported on Monday.
Capital Group, Sequoia Capital, Shopify and Silver Lake all bought shares from existing stakeholders, including current and former Stripe employees, the Journal reported, citing unnamed sources. Revenue was approximately $ 1 billion out of a total of $ 4 billion on offer.
Representatives from Stripe and the investment firms did not immediately respond to the request for comment.
Founded a decade ago, San Francisco-based Stripe makes payment processing software for e-commerce companies and became the most valuable private fintech company after a fundraising round in March valued at $ 95 billion.
Stripe ranked 2nd on the CNBC Disruptor 50 list in 2021.
Read about the latest stock sale in the Wall Street Journal.
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